Taxability of on-money declared by the Assessee in its return of ...

Case Laws Income Tax

January 11, 2021

Taxability of on-money declared by the Assessee in its return of income - Not in dispute that the on-money is nothing but part of sale consideration of the flats and parking were sold by the assessee. When once it is part of sale consideration only 10% of such on money is liable to be taxed in this assessment year as per consistent method of accounting followed by the assesse. - AT

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Taxability of on-money declared by the Assessee in its return of ...

Case Laws Income Tax

January 11, 2021

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